Resona Asset Management Co. Ltd. Invests $339,000 in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Resona Asset Management Co. Ltd. bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,272 shares of the company's stock, valued at approximately $339,000.

A number of other hedge funds have also recently added to or reduced their stakes in FCFS. Parkside Financial Bank & Trust increased its position in shares of FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock worth $142,000 after acquiring an additional 94 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in shares of FirstCash by 2.3% in the fourth quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company's stock valued at $476,000 after buying an additional 105 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in FirstCash by 1.8% in the 4th quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company's stock worth $826,000 after acquiring an additional 127 shares during the period. J.Safra Asset Management Corp boosted its position in FirstCash by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after buying an additional 127 shares during the last quarter. Finally, EntryPoint Capital LLC lifted its stake in shares of FirstCash by 6.6% in the fourth quarter. EntryPoint Capital LLC now owns 2,319 shares of the company's stock worth $240,000 after acquiring an additional 143 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the transaction, the chief financial officer now owns 100,567 shares in the company, valued at approximately $11,399,269.45. The trade was a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the sale, the insider now directly owns 4,431,869 shares in the company, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is owned by insiders.

FirstCash Stock Up 1.0 %

NASDAQ FCFS traded up $1.23 on Thursday, hitting $121.29. 61,126 shares of the stock traded hands, compared to its average volume of 268,867. The company has a market capitalization of $5.43 billion, a P/E ratio of 21.17 and a beta of 0.58. The stock has a 50-day moving average of $117.19 and a 200 day moving average of $111.44. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. As a group, analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, February 14th. FirstCash's payout ratio is 26.53%.

Analysts Set New Price Targets

Separately, Stephens reaffirmed an "overweight" rating and issued a $137.00 target price on shares of FirstCash in a research report on Wednesday, February 19th.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.